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U.S. inflation picked up as gas prices marched higher due to...

WASHINGTON (AP) – U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability...
Michael J. Highfield

The Fed can do very little about high mortgage rates

The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...

Downgrade of U.S. credit rating shouldn’t be downplayed

The formerly pristine reputation of the U.S. government’s debt lost a little more luster after a prominent rating agency demoted Uncle Sam from its...
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